What is capacity in which acting w-8BEN?

‘Capacity in which acting’ is in effect a shortened version of: ‘State the capacity in which you are acting’. When a person holds several titles or performs several independent functions, they can be said “serve in various capacities.”

Can a W-8BEN be signed electronically?

You may otherwise accept a Form W-8 with an electronic signature if the Form W-8 reasonably demonstrates that the form has been electronically signed by a person authorized to do so (for example, with a time and date stamp and statement that the form has been electronically signed).

How do I submit a W-8BEN form online?

Can I fill out my W-8BEN online? You can update your expiring W-8BEN online by logging in to your account and selecting “Forms and Agreements” from the My Portfolio menu. Select the W-8BEN & Tax Residency Self-Certification Substitute form and follow the steps on screen to complete and submit electronically.

Where can I download w8ben form?

▶ Go to www.irs.gov/FormW8BEN for instructions and the latest information.

What is W8BEN form India?

Form W8BEN is a declaration that she is a tax paying resident of India. In the case of Shreya, she would owe her taxes in the US and she would thus have to inform her Indian payer not to deduct taxes at source from her income.

What does capacity mean on a tax form?

In the forms for applying PAN or forms for Income Tax Return, the places ask for your capacity means they are asking you to choose who is doing that task. If it is you filling you Income Tax Return at your own, you should choose- “Self-Individual” and if through some agent or representative, y.

Should I fill W9 or W8BEN?

Foreign financial institutions ask you to complete Form W9 to comply with FATCA reporting requirements imposed on them. Form W9 is intended for US persons, as explained in question 2. The equivalent form that applies to non-US persons is W8-BEN (for individuals) and W8-BEN-E (for entities).

What is W 9 or W-8BEN?

W-9 An entity or individual that is a resident in the US for tax purposes. W-8BEN An individual who is not a tax resident in the US and is the beneficial owner of income. Not relevant for entities. W-8BEN-E An entity that is not a resident within the US for tax purposes and is the beneficial owner of income.